Glossary - Numismatic definitions - Coins and UK

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Numismatic definitions

Like most fields of expertise, numismatics has its own lingo. Find the numismatic definition of a term by entering it in the field below.

Fractional Currency

Emergency issue of small-denomination banknotes by the USA in 1863-5, following a shortage of coins caused by the Civil War. This issue superseded the Postage Currency notes, but bore the inscription 'Receivable for all US stamps', alluding to the most popular medium of small change at that time. Denominations ranged from 3 cents to 50 cents.

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